Wednesday, March 05, 2014

POLITICS - Economic Gap Takes Priority in Obama’s 2015 Budget

The likelihood of this budget passing is slim to none.  The bought, and paid for, Republican House will block this.  Add that it is from Obama.  The Republicans are the ones who are always asking the Scrooge question, "are there no workhouses?"

"Does the president’s budget present solutions for closing the economic gap?" PBS Newshour 3/4/2014

Excerpt

JUDY WOODRUFF (Newshour):  Back in the U.S., the release of the president’s budget today touched off a fresh round of debate in Washington about spending priorities.

Mr. Obama called on lawmakers to support investments that would help create jobs.  But Republicans said the plan spends too much and would hurt the economy.

In boxes and on dollies, the 2015 fiscal year budget blueprint arrived at the Capitol this morning, while President Obama was describing it as balanced and responsible in a visit to a Washington, D.C., elementary school.

PRESIDENT BARACK OBAMA:  It’s a road map for creating jobs, with good wages and expanding opportunity for all Americans.

JUDY WOODRUFF:  The nearly $4 trillion plan also serves as a kind of platform for Democrats in November’s congressional elections.  It includes new spending for expanded preschool education, job training and public works.  And it expands the Earned Income Tax Credit for low-wage workers, while separately adding more than $1 trillion in higher taxes over the next decade.

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